A Deficit of Proper Language

The words and phrases we use shape our thought. Bad language can lead to bad policy decisions.┬áDaniel B. Klein and Donald J. Boudreaux take aim at a deeply misleading phrase: "trade deficits." Deficits sound bad. But deficits look only at part of a trade: the units of account, or dollars in the United States. What… Continue reading A Deficit of Proper Language